4 Tips to Flip a House in Raleigh

Have you always wanted to get started flipping houses? We have put these 4 tips to flip a house in Raleigh the fast and easy way!

Flipping properties can be an excellent way to see big profits. But before you dive right in, there are a few things you need to know that they don’t show you on TV.

If you are ready to make money flipping Raleigh houses, check out our 4 Tips to help you get started.

Get Your Team Together

When going to flip a Raleigh property, you shouldn’t go at it alone. Build a team of experts you can count on for help taking care of all the details. Build relationships with multiple agents and private money lenders.

Find contractors and designers you enjoy working with.

And make sure you are working with a CPA who can help you keep it all together. After all, your goal with this is to make money.

Know How and Where to Find Undervalued Property

With the number of foreclosures dropping and more people seeing the value in purchasing homes owned by the bank, the ability to find great deals has become more difficult than it once was.

Nowadays, you have to do a little digging in order to find that diamond in the rough. Working with realtors you like and trust is a great way to find homes with owners ready to sell fast, or homes being sold in need of some major repairs.

Finding these sorts of homes at a great price is what every savvy house flipper is looking for.

Know Your Buyer Before They Walk in The Door

Before buying any property, you need to do your homework regarding the area. Is it popular with retirees? Families? First time home buyers?

The fixes and improvements you make should be made especially with them in mind.

An older couple might focus on accessibility, whereas a large family might want a mudroom and an additional bathroom.

Think about the things that will “wow” your likely buyers and add those features that make the buyer feel as if the home was designed with them in mind.

Move Quickly

When flipping a home, your greatest enemy is time. In order to see the best profits, your mission is to resell the home as fast as humanly possible. The less time you are holding on to borrowed money, the less interest you will have to pay on it.

Add this to the costs of utilities, insurance, taxes and the prices you paid for repairs and cleaning, and you can watch profits vanish right before your eyes.

You should always strive to do a great job upgrading and repairing the home, but make sure you are working with the right people so you can get the job done quickly.

Thomas’ Testimony Video

Tom’s Testimony Video

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Youlanda’s Testimony

Testimonials

YHM Property Solutions

“After my wife died I was left with the painful task of cleaning out an entire home full of life over the last 20 years and her love of the Home Shopping Network. It was overwhelming. Pam showed up and made me an offer that included an Estate Sale and full cleanout of the property. They worked with me and my family to give us the time to get all the things we wanted before the sale and even after. The closing was fast and easy and the huge burdon was lifted. I can’t thank Pam and her team enough for their patience, compassion and professionalism. I would highly recommend doing business with them.”

W.H., Willow Spring, NC

YHM Property Solutions

“Due to our finances we were forced to sell our home because we could no longer afford the payments. Our house had been under contract with another investor for 3 months and they had cut communication saying they would no longer buy the house for our agreed upon price. We had another 3 months on the contract. I got in touch with Pam and we were able to get released from the contract and get paid the exact price that we had agreed upon with the other “investors”. Had we not met Pam there’s no telling how long we would have been locked up with no other options, and no way to pay our bills. Closing was fast and easy and we are so thankful to have found Pam and YHM Property Solutions.”

Marzella E., Raleigh, NC

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We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can give you the highest cash offer in the Triangle.